2404 Ocean Park Blvd #1, Santa Monica, CA 90405
Local realty services provided by:ERA Donahoe Realty
2404 Ocean Park Blvd #1,Santa Monica, CA 90405
$1,470,000
- 3 Beds
- 3 Baths
- 1,122 sq. ft.
- Single family
- Active
Listed by:cameron samimi
Office:lyon stahl investment real estate, inc.
MLS#:SB25219948
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,470,000
- Price per sq. ft.:$1,310.16
About this home
**Seller is offering a rate buy down on this INCOME PRODUCING TRIPLEX to 5.625% for qualified buyers, lowering the monthly mortgage payments by nearly $1,000! This property and rate will not last! After net expenses, a buyer could expect to pay approximately $1,993 per month which is less than the average rent in Santa Monica!** This turnkey Mid-Century style triplex is located in the heart of Santa Monica's Sunset Park, just steps from everything Ocean Park Blvd has to offer. It's perfect for someone looking to live in one unit and rent out the others.The property includes two fully remodeled vacant 1-bedroom units and a studio unit, allowing a buyer the opportunity to move in immediately at the close of escrow. Each unit features hardwood floors, vaulted ceilings, recessed lighting, AC, and stylish finishes like backsplash tile and stainless steel appliances in the kitchen. The one-bedroom units each enjoy a huge private fenced patio which will extend your living and entertaining space, especially for those beautiful Santa Monica summer days. As a bonus, this gives a big boast to your potential rental income. Major system upgrades include copper plumbing, updated drain lines, updated electrical, and new water heaters, giving peace of mind to any buyer. Additionally, on-site storage containers offer extra utility and can generate additional income. A buyer can also build 3 additional units and generate up to a 8.37% cap rate! With an unbeatable walk score, this property is located near Trader Joe's, Whole Foods, Clover Park, Grant Elementary, John Adams Middle School, and
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Home facts
- Year built:1948
- Listing ID #:SB25219948
- Added:1 day(s) ago
- Updated:September 18, 2025 at 02:48 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:3
- Living area:1,122 sq. ft.
Heating and cooling
- Cooling:Central Forced Air
Structure and exterior
- Year built:1948
- Building area:1,122 sq. ft.
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,470,000
- Price per sq. ft.:$1,310.16
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